Colors: Blue Color

Arabian Automobiles, the flagship company of the AW Rostamani Group and the exclusive dealer for Renault in Dubai, Sharjah and the Northern Emirates, is inviting customers to experience a technological tour-de-force with the Koleos 4X2 and 4X4. Packed with advanced features like a customisable touchscreen, an advanced driver assistance system (ADAS) and Bose speakers, discerning customers looking to experience technology at their fingertips need look no further.

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa, and Asia, has signed an agreement with Chile-based company Crystal Lagoons to develop the fully swimmable 70,000 square metre Lagoon Al Ghaf at its new flagship mixed-use community in Dubai, Tilal Al Ghaf.

The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala Petroleum will acquire a 49 percent equity stake in LLC Gazpromneft-Vostok, the operator of the fields. Mubadala Petroleum will hold a 44 percent interest and RDIF will hold the remaining 5 percent interest. Completion of the transaction is subject to customary regulatory and internal approvals. The corresponding agreement was announced today at the St. Petersburg International Economic Forum.